Bassett Furniture Industries Stock Probability of Future Stock Price Finishing Under 9.06
| BSET Stock | USD 13.86 0.08 0.58% |
Bassett |
Bassett Furniture Target Price Odds to finish below 9.06
The tendency of Bassett Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 9.06 or more in 90 days |
| 13.86 | 90 days | 9.06 | near 1 |
Based on a normal probability distribution, the odds of Bassett Furniture to drop to $ 9.06 or more in 90 days from now is near 1 (This Bassett Furniture Industries probability density function shows the probability of Bassett Stock to fall within a particular range of prices over 90 days) . Probability of Bassett Furniture price to stay between $ 9.06 and its current price of $13.86 at the end of the 90-day period is about 15.35 .
Given the investment horizon of 90 days Bassett Furniture has a beta of 0.0473 suggesting as returns on the market go up, Bassett Furniture average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bassett Furniture Industries will be expected to be much smaller as well. Additionally Bassett Furniture Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Bassett Furniture Price Density |
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Predictive Modules for Bassett Furniture
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bassett Furniture. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bassett Furniture's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bassett Furniture Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bassett Furniture is not an exception. The market had few large corrections towards the Bassett Furniture's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Bassett Furniture Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bassett Furniture within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 0.49 | |
Ir | Information ratio | -0.05 |
Bassett Furniture Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Bassett Furniture for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bassett Furniture can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bassett Furniture generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 390.14 M. Net Loss for the year was (3.17 M) with profit before overhead, payroll, taxes, and interest of 248.34 M. | |
| About 16.0% of the company shares are held by company insiders | |
| On 29th of November 2024 Bassett Furniture paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from thelincolnianonline.com: Bassett Furniture Industries, Incorporated Short Interest Update |
Bassett Furniture Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Bassett Stock often depends not only on the future outlook of the current and potential Bassett Furniture's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bassett Furniture's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.8 M | |
| Cash And Short Term Investments | 70.2 M |
Bassett Furniture Technical Analysis
Bassett Furniture's future price can be derived by breaking down and analyzing its technical indicators over time. Bassett Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bassett Furniture Industries. In general, you should focus on analyzing Bassett Stock price patterns and their correlations with different microeconomic environments and drivers.
Bassett Furniture Predictive Forecast Models
Bassett Furniture's time-series forecasting models is one of many Bassett Furniture's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Bassett Furniture's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Bassett Furniture
Checking the ongoing alerts about Bassett Furniture for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bassett Furniture help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bassett Furniture generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 390.14 M. Net Loss for the year was (3.17 M) with profit before overhead, payroll, taxes, and interest of 248.34 M. | |
| About 16.0% of the company shares are held by company insiders | |
| On 29th of November 2024 Bassett Furniture paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from thelincolnianonline.com: Bassett Furniture Industries, Incorporated Short Interest Update |
Additional Tools for Bassett Stock Analysis
When running Bassett Furniture's price analysis, check to measure Bassett Furniture's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bassett Furniture is operating at the current time. Most of Bassett Furniture's value examination focuses on studying past and present price action to predict the probability of Bassett Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bassett Furniture's price. Additionally, you may evaluate how the addition of Bassett Furniture to your portfolios can decrease your overall portfolio volatility.